Wash Sale Rules
The following is a summary of a conversation with Amar Shah, CFA, CFP®, Founder & CIO, Client First Capital, and Kyle Lynch, CPA, Founder of Clover Hill CPA, about wash sales—what they are, and the rules that impact securities, crypto, and more.
Roth Conversions: When and How to Use Them
Many of you know that I view Roth IRAs as simply the best type of retirement account. However, there are instances where it does not make sense to overfund a Roth IRA. In this post, I want to share the top three reasons I see for clients in retirement to limit the funding of a Roth IRA.
Survivor Benefit Plan
Retired pay for life is one of the great retirement benefits a qualified Military member is entitled to. A percentage of it can also continue as a benefit to your spouse should you predecease him or her. One of the most important factors for a married service member as they consider retirement is whether they wish to provide an annuity to their spouse should they predecease their spouse. This is called the Survivor Benefit Plan (SBP).
Charitable Giving: The Donor Advised Option
Because we partner with both Charles Schwab Charitable and Fidelity Charitable, we can help determine whether a donor advised fund would be an appropriate option.
How to Trade Bitcoin and Other Cryptocurrency
In March, we published a couple of articles that covered a lot of ground on cryptocurrency in general and the challenges and opportunities that exist for those hoping to earn, store, and spend their bitcoin or similar cryptoassets. Now with all of the previous knowledge from the past two articles, you may or may not be interested in using cryptocurrency as a means of exchange. But what about trading in it, directly or in fund form?
Should You Use a TOD Designation on Your House?
The following article is a summary of the conversation with Amar Shah, Founder of Client First Capital, and Alex Rodriguez, Principal Attorney at Rodriguez Law Offices, about titling your house and the pros and cons of a TOD (Transfer on Death) designation.
Being Prepared: Planning for Diminished Capacity
This article will walk through the importance of estate planning, setting up a living trust, power of attorney and medical attorney and what key steps to take with your financial advisor to tackle each one. We are also going to provide a brief overview of long-term care insurance and the benefits and considerations.
Beware of Scammers
Especially with the pandemic, scams are on the rise. Very often, senior citizens are targets for fraud and with that in mind it we thought that it would be important to round up the most common retirement scams that you should be on the lookout for.
5 Risk Management Strategies for Protecting (and Growing) your Wealth
This article dives into five ways you can be on the offensive side of managing risk and protecting and growing your wealth in the years to come.
Protecting What is Yours
Whether due to disability, dementia, or simply enjoying an exotic vacation, there are many ways you can end up unavailable to make critical financial or health care choices for yourself or your loved ones. If you’ve not documented your desires in advance, it can add extra stress for everyone, plus the outcomes may not be what anyone had in mind!
Essential Tips for planning a Multigenerational Vacation
As we slowly prepare to return back to normalcy, it is the perfect time to begin planning a trip with your loved ones. A multigenerational vacation can be a time to build new memories with your family. Below are a few things to consider when planning your next trip to make sure it is one for the books!
How to Spend Bitcoin and Other Cryptocurrency
At the beginning of March, we published an article about cryptocurrency, now let’s explore the challenges and opportunities that exist for those hoping to earn, store, and spend their bitcoin or similar cryptoassets.
Budgeting for Retirement
In this video, we walk through a few tips for each different phase of retirement.
The American Rescue Plan Act of 2021: What you need to Know!
The American Rescue Plan of 2021, intended to drive $1.9T economic stimulus and provide fiscal relief in response to the ongoing COVID-19 pandemic. Here are some of the key facts that we felt were important for you and your family to be aware of.
Do Individuals in retirement need an estate plan?
If you are retired, spending down your assets, and don’t have young children that need guardianship, do you really need an estate plan? The answer is still YES because if you don’t have one the government will get to decide!
Home Improvements and Modifications for Aging in Place
Though many of us won’t be able to live independently forever, home modifications will allow your loved ones to continue to live in their home longer by creating a more manageable environment. Whether they’re living in a single-story condo in Dallas, TX or a three-story home in Portland, OR, there are modifications that can be made to every home to help make daily tasks a little easier.
What's the Difference between Active Investing and Passive Investing
Active investing and passive investing are strategies that investors and wealth managers use on their portfolios. In this video, we run through the basics of each strategy.
Managing your Retirement Income and Withdrawals
This article dives into understanding the tax impacts on withdrawals, how to handle withdrawals under the CARES Act, and the benefits of tax diversification.
Understanding Long Term Care
Long term care is a topic that we all know about but not many individuals are getting ahead and planning for it, even though 70% of people turning 65 will need some type of long term care services in their lifetimes.
Top 5 Retirement Money Mistakes
After 17 years in the financial planning business. These are the 5 most common mistakes I see on a monthly basis.